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    2617 Bragg Blvd Fayetteville, NC 28303

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    For Sale
    Contact for pricing

    Prime retail location, vacant bank branch.

    Property size:
    1,920 SF

    Property Features for 2617 Bragg Blvd

    General Information

    Property type
    Banks
    Square Feet
    1,920 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    James Bailey
    James Bailey

    Listing Agency: Lee & Associates Listing Agent: James Bailey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,920-square-foot former bank branch presents a unique opportunity in Fayetteville, North Carolina. Located at 2617 Bragg Blvd, this vacant property sits on a 1.04-acre lot and boasts a highly visible location with excellent access. The building, constructed in 1974, is a single-story structure with a C1 zoning designation (Udo Cumberland County - Revised 8/21/23), offering versatility for various retail uses. The property benefits from a three-lane drive-thru, abundant onsite parking, and prominent monument signage at both entrances. Its strategic location is adjacent to Fayetteville Technical Community College (10,932 students), placing it within a thriving student population. Furthermore, it's surrounded by numerous national retailers, including McDonald's, Burger King, Domino's, Krispy Kreme, Circle K, and the Cross Creek Mall (over 100 retailers), ensuring high foot traffic and visibility. The property enjoys high traffic counts, with 27,000 vehicles per day on Bragg Blvd and 12,000 vehicles per day on Bragg Rd. Its position between Bragg Blvd and Fort Bragg Rd provides convenient ingress and egress, and its proximity to Fort Liberty (the largest military base in the US) adds to its appeal. This property offers significant potential for a variety of retail businesses seeking a prime location with high visibility and accessibility. The sale price is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Citizens Bank ... Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.92450396
    Latitude
    35.07198788

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    FAQs

    What type of property is this?
    Bank - Prime retail location, vacant bank branch.
    Where is this bank located?
    The property is located at 2617 Bragg Blvd Fayetteville, NC.
    What are key features of this property?
    This property features: 1,920 SF former bank branch in prime Fayetteville, NC retail location. Adjacent to Fayetteville Tech Community College (10,932 students) and surrounded by national retailers.; Excellent access from Bragg Blvd and Fort Bragg Rd, minutes from Fort Liberty.; High visibility with 27,000 VPD on Bragg Blvd and 12,000 VPD on Bragg Rd.
    (336) 602-3022 Call to check price and availability
    Request Owner's contact information
    2617 Bragg Blvd Fayetteville, NC 28303
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2617 Bragg Blvd Fayetteville, NC 28303
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    Contact for Pricing
    Please call us for current price
    and status of this listing James Bailey
    James Bailey
    Real Estate License ID: 311081
    (336) 602-3022 (919) 576-2514
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